Trading the markets..... Message Board

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Pastimes : Trading the markets.....

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To: SE who wrote (84)	10/6/2000 4:49:54 PM
From: Chip McVickar	Read Replies (1) of 4583

Hello Scott, Very Nice to get a post from you. My God You're Fast....3 posts later and my old compatriot is back with the answer for this fuzzy brain of mine. I wish you lived in Boston....<sigh> Didn't even know you were around. <smile> Thank You for the link. Why the Buy...? First of all..., I'd been short from 1459.00, but got out at 1434.00 earlier and missed the further decline to 1420.00. Well, I've taken to watching 6 min charts and either 120 or 240min charts. There was a median line working on both the 120/240, actually you can see it on the 60min as well. Also, I've been studying individual bar patterns and groups of bar patterns. At the same time as the market reached the median line a series of bars on the 6min chart suggested hesitation in the decline and a buy. To me individual bars and their grouping are the only significant clue to the market psychology at any given moment. On the 120 chart notice the consistency of the ascending bar count and the descending bar patterns. At 2:45 IT ALL SEEMED TO COME TOGETHER. There's other stuff as well. However, it turned out to be wrong and I was early, but saved by the late rally. I hope you are doing well and the familly as well. My Best, Chip

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